Strategic planning for a competitive advantage
Q optimizes the way retailers approach the art of assortment and range planning, financial reconciliation and product exit management.
The smarts //
The software has the smarts to perform all functions of product forecasting, assortment and SKU rationalization, intelligent store clustering and behavior modeling. The module also offers advanced size, pack and markdown optimization, focused on giving the retailer the highest return on the inventory they are buying. It does this by analyzing the demand of each store individually and rationalizing the product mix in each department to make recommendations to buyers as to which stores are over or under assorted and identifying which products are holding back the category from reaching its goals. In turn, it has the know-how to calculate the best strategy to manage a product exit and phase-in a new set of inventory.
Merchandise goals and metrics //
The system is configured at implementation to a retailer’s specific merchandising goals and metrics, enabling them to make strategic decisions on their assortments and letting them see the big picture — things like profitability, sales and service levels.
Science that meets the art of merchandising //
When retailers align the breadth and depth of their merchandise offering with the localized demand of their customer need, it increases full price sales and product availability, and ultimately lowers markdown spend. Q: Assortment and Range Planning ensures that a retailer can create a product range that will meet both merchandise and financial objectives, simplifying the complex art of merchandising.
